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AppHeel

Tepper Wants a Retractable Dome Stadium

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It's an inevitability regardless.

The football purists are just going to have to accept it.

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1 minute ago, thefuzz said:

 

Not his fault he's wealthy?  What the hell does that even mean?  He is wealthy enough to cut a check for a team, he is wealthy enough not to use taxpayer funds to build him a new stadium.  I'll never side with cities, counties, or otherwise picking up the tab for these guys to build their "castles".

It means why should Tepper pay full price for a new stadium that is going to economically benefit every man, woman and child in the entire region?  It means why should Tepper pay full price for a new stadium when the precedent is clearly set nationwide for (at the very least) a combination of public/private funding?  I don't see anything confusing about the observation.

You have never struck me as naive in your posts but I can't think of any other description of someone who thinks an NFL owner is going to pay full price for a new stadium.  Tepper has been up front about it since he bought the team actually.

 

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8 minutes ago, TheRed said:

It's an inevitability regardless.

The football purists are just going to have to accept it.

no screeching yet! i'm impressed

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Corporate welfare for the 1%. I’m sure the mega rich powers that be in this city have no problem with socialism when it benefits them and their bank account. 

 

Edited by 4Corners
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A statue of former Carolina Panthers owner Jerry Richardson stands outside an entrance to Bank of America Stadium in Charlotte, N.C., Tuesday, July 10, 2018. New owner David Tepper said during a news conference at the stadium Tuesday that he is contractually obligated to retain the statue. (AP Photo/Chuck Burton)

Quote

When construction starts on a new stadium or convention center, local leaders congratulate themselves like they've won some kind of great economic victory. They haven’t. They’ve simply fleeced the taxpayers for the benefit of construction companies, team owners, and other special interests by saddling them with white elephants for which they’ll pay for decades.

https://www.forbes.com/sites/artcarden/2018/07/18/will-a-new-stadium-make-your-city-richer/#3aa460942274

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Raleigh is desperate for a new professional team of some kind and there are some investors in the area, along with new money flowing in, that might make it a reality. Beware Charlotte. 

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9 minutes ago, 4Corners said:

Corporate welfare for the 1%. I’m sure the mega rich powers that be in this city have no problem with socialism when it benefits them and their bank account. 

 

How much revenue does the Panthers franchise drive for Charlotte, Mecklenburg County, and the state of NC? A few million dollars of assistance in building the stadium is likely paid off fairly quick. There is an easy method of analysis for this type of public-private partnerships that calculate the payback period. If there was no benefit of the team, the city wouldn't even entertain the idea. However, hosting concerts, international soccer matches (likely why Charlotte missed out on a 2026 FIFA World Cup site), Super Bowl, Corporate Sponsorship, spillover from the Panthers to other industry, etc. etc. You don't turn down a company worth $2.2 B and the economic impact they provide based purely on Elizabeth Warren's platitudes. 

Socialist programs do not pay for themselves. Public-Private partnerships have a benefit to both parties and eventually will pay themselves back to the public trust by way of tax revenue (since everything is taxed which is another conversation). Don't be a sheep. 

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1 hour ago, MikeD83 said:

He has leverage now in SC. If the city and state won't assist in getting a new stadium built uptown, you can bet on one in SC.

How in the hell would he expect to sell tickets in Sowkerliner? There’s not enough people in the “upstate” with access to money that can afford to park at the stadium let alone pay for a ticket. 

Not to mention the infrastructure is so awful in SC that I’d be surprised if the ground can support a mega structure like a stadium.   

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Yeah we will get a new stadium and the public will pay for some of  it. Offering $0 is the only real scenario where the Panthers leave and while the overall chance is remote it is non-zero.

Like others I do wonder how PSL holders will be treated. I doubt I will reup if they demand another PSL fee. I would hope the stadium remains uptown...

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7 minutes ago, CPcavedweller said:

Raleigh is desperate for a new professional team of some kind and there are some investors in the area, along with new money flowing in, that might make it a reality. Beware Charlotte. 

Bwhahahahahahahahahahahahahaha - Raleigh can’t even sell out NHL or NCST games 

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Me thinks we need a retractable field also, to switch between NFL football and MLS football.

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5 minutes ago, 4Corners said:

Bwhahahahahahahahahahahahahaha - Raleigh can’t even sell out NHL or NCST games 

No one sells out regular season NHL games except for prime time, weekend games. The Hurricanes were dreadful for ten years because they held onto a GM with outdated practices that did nothing to advance the team. New owner, new GM, new coach, and they make a run at the Conference Finals. Along with that came more Season Ticket sales for the 2019-2020 season, before the 2018-2019 season even ended, than they had the previous 10 years.

If this franchise had 10 consecutive losing seasons, not that dissimilar from the Browns or Bengals, what would attendance look like? People sure as poo wouldn't show up like they do in Cleveland. North Carolina has become a state with a trasncient population in metro areas thanks to the growth of corporate operations in those areas. With that comes fairweather fans and fans of other teams. The Panthers would be lucky to survive as an operation with 10 seasons like the Hurricanes had.

And NC State doesn't count in this argument. No one in the Triangle area is particularly keen on College Football and as it turns out, most NC publications believe App State will actually beat UNC in football this season (lord willing). App's perception as a football school with a first year head coach supercedes UNC's reputation with Hall of Fame coach Mack Brown. Let that sink in. 

However, the NFL has a ton of interest around the Triangle and Triad. Competition with the Redskins seeps in a bit more due to Proximity with the Tidewater Region of Virginia but again, it's about money. You have someone willing to throw down around one billion dollars to build a state of the art MLS facility. Who's to say Tepper doesn't want a part of that? Combine the two ventures and your payback period should decrease while increasing odds of receiving public funding for the project.

It's unlikely to ever happen, but if Charlotte doesn't want the team, someone else will. 

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12 minutes ago, 4Corners said:

Bwhahahahahahahahahahahahahaha - Raleigh can’t even sell out NHL or NCST games 

And I see that you're a UNC fan, talking about NC State football. What's your reaction going to be when App walks in to Kenan Memorial Stadium favored by 3-points? With former NC State OC Drinkwitz coaching his 3rd game? I'd imagine there would simply be a prayer to not fall victim to another 70 point beatdown like was suffered against ECU a few years ago. 

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Did anyone read the article?  He is saying the public money for the stadium would come for hotel revenue tax.  

 

"The economy’s big enough for a revenue tax, a hotel revenue increase that would go a long way to help pay for a new stadium.”

 

If he buys a soccer team and fill hotels 17 extra days for MLS games,  adds 2-3 new major weekend events thats another 9 days of full hotels.  Not to mention week long events and conventions.  WE could easily see BOA become a place where 90 days a year it is active.    A retractable stadium that duals as a soccer stadium would attract the people that would pay for the stadium.  It would transform the city.  

 

Until they discuss the option to impose a county sales tax or income tax for the stadium people really shouldn't whining.   

 

Tepper wants to turn Charlotte and upstate SC in to 5x what it is right now.  He is just asking the traveling consumer (not the residents) to help pay for the investment he is going to make along side.  

 

PSLs will be a good question.  

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